Cramer sees fund manager John Paulson's purchase of Citigroup shares as a sign that the mortgage market is improving. Paulson has shorted mortgages in the past, and it is no secret that Citigroup has its share of bad loans. However, Cramer takes Paulson's bullishness on the stocks seriously and noted the stock's 9% climb on Thursday.
AIG's 31% rise in share price was mainly due to a short squeeze, but the CEO's refusal to sell assets on the cheap was also a contributing factor.
Although Boeing's Dreamliner has been long delayed, Cramer predicts it could be released before the year is out. In addition to Boeing, Honeywell, Alcoa and Precision Castparts will see a significant upside on the release; “These are companies that exist for Boeing to ship."
